Dear GokuMarket fellows,
Loom Network (LOOM) was listed on GokuMarket.com for Staking as of 2020/05/25 at 10:00 AM (GMT). Deposits & withdrawals with LOOM were enabled as of 2020/05/24 8:00 AM (GMT).
Learn more about:
- What is Staking?
- Where can I do LOOM Staking?
What is Loom Network?
Loom Network is a multichain interop platform live in production since early 2018. Optimized for scaling high-performance dapps that require a fast and smooth user experience, the network allows dapps to offer a UX comparable to traditional applications and onboard new users without the friction of needing to download crypto wallet software. Loom also has integrations to Bitcoin, Ethereum, Binance Chain, and Tron. This allows developers to integrate assets from all major chains, as well as build a dapp only once and offer it to users on all platforms simultaneously.
What is LOOM Token?
The LOOM token is a proof-of-stake token used to secure Loom Network's mainnet, called Basechain. LOOM holders can stake their tokens to help secure Basechain and earn rewards in the process. The token is also used by developers to pay for dapp hosting on Loom Network. Unlike Ethereum, developers pay a flat monthly fee to host their dapps on Loom, so their users don't have to pay transaction costs.
LOOM Official Channels:
Website: https://loomx.io
Medium: https://medium.com/loom-network
Twitter: https://twitter.com/loomnetwork
Telegram: https://t.me/loomnetwork
Facebook: https://www.facebook.com/loomxnetwork
Token Type: ERC-20
Token/Asset Explorer: https://etherscan.io/token/0xa4e8c3ec456107ea67d3075bf9e3df3a75823db0
Deposit/Withdrawal: enabled
LOOM Staking Details:
- Duration: 3-12 months periods
- Rewards: est. 8-10% per year
- Earnings: paid monthly
- Amount: min. $100 USD worth
- Terms & Conditions
- Other GokuMarket Utilities: N/A
Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously and be aware of the investment risk. GokuMarket will make best efforts to approve high-quality coin and token projects, but will not be responsible for your investment losses.
Thanks for your support!
Regards,
GokuMarket Team
[2020-05-25]
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